NBP reserves drop in January

Poland’s Central Bank’s (NBP) reserves stood at €94.39 billion at end-January and were some €150 million lower than last month, according to the NBP’s official reserve data. Reserves denominated in USD have increased by $4.3 billion to $117.59 billion. The PLN-denominated reserves stood at PLN 391.61 billion, down by PLN 2.73 billion.

The NBP invests reserves in typical instruments used by central banks. Mostly in the government securities, some of it in securities issued by international institutions and government agencies. A small amount is held in deposits with banks with a high credit rating and gold.

In response to the growing investor interest in so-called alternative assets in Poland, CBRE has decided to expand the range of services provided by its capital markets team. The company has appointed Paweł Rudiak as a senior consultant who will supp...

A subsidiary of Warsaw Stock Exchange-listed developer Marvipol Development has secured up to PLN 50 million in bank financing from Bank Ochrony Środowiska that it will use to finance and refinance the costs of constructing its Unique Tower residenti...

Financial broker Notus Finanse is the first tenant to have leased space at the City Forum office project, which Warsaw Stock Exchange-listed developer Archicom is now developing in downtown Wrocław. The company will occupy over 550 sqm in the Forum O...

Industrial space developer Panattoni Europe will build an over 10,000-sqm production facility in Białystok for car glass manufacturer Pilkington IGP. The factory will be located within the Panattoni Park Białystok project that the developer launched ...

Investors BBI Development and Liebrecht & wooD have revealed that the office space available in their Centrum Praskie Koneser mixed-use project in Warsaw has already been 92 percent leased out. Two companies from the TFL sector – Link and Waberer...

The rental apartment market in Poland is attracting more and more developer and investor interest with a number of large projects comprising this kind of units having been announced across the country in recent months. Do long-term institutionalized ...

The automotive industry is one of Poland’s top export sectors and also the second most popular industry for foreign investors. French firms have been present in Poland since the early transformation and new ones keep coming to invest in the country’s...
Here for the long haul

Just as it’s hard to cut anything with a blunt knife, when you burn out at work, you cannot achieve your goals. Overworking and stress are the main causes of professional burnout. Do not think that this problem does not concern you. Poles are a socie...